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Terra's Anchor Protocol erases 'crypto winter' losses, ANC price rebounds 300% in a month

Published 03/03/2022, 10:11 AM
Updated 03/03/2022, 12:00 PM
LUNA/USD
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LUNAt/USD
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Anchor Protocol (ANC), the decentralized finance (DeFi) platform built on the Terra blockchain protocol, rebounded nearly 300% in over a month after bottoming out near $1.26.

ANC price went as high as $4.97 on the Bitfinex cryptocurrency exchange on March 3, 2022, breaking above the previous record peak near $4.50 established on Dec. 3 last year.

ANC/USD daily price chart featuring its recent bottom and top levels. Source; TradingView
ANC/USD daily price chart featuring its correlation with LUNA/USD. Source: TradingView
ANC/USD daily price chart featuring RSI. Source: TradingView

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